Farmer Charlies in receivership

But at this stage the three stores at Lismore, Ballina and Evans Head will remain open, and employees will not lose their jobs.

Deloitte partners David Lombe and Simon Cathro yesterday confirmed they had been appointed receivers and managers of Farmer Charlies.

“The receivers are looking to preserve the long-term viability of these stores with a view of selling them as going concerns,” Mr Lombe said.

“Employees of these stores have been notified of the appointment and will continue to be employed on a 'business as usual' basis while a review of the financial position of these stores is undertaken.”

Deloitte declined to give the reason for the stores going into receivership.